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Old 10-21-2016, 06:06 PM   #1
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Join Date: Dec 2004
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Reuters: AT&T agrees to buy Time Warner (HBO, CNN, DC Comics) for $85 billion

This has to deal with TV and DC, so I guess I'll post it here:

AT&T Inc (T.N) has reached an agreement in principle to buy Time Warner Inc (TWX.N) for about $85 billion, sources said on Friday, paving the way for a blockbuster deal that would give the telecom company control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets.

The deal, which has been agreed on most terms and could be announced as early as Sunday, would be one of the largest in recent years in the sector as telecommunications companies look to combine content and distribution to capture customers replacing traditional pay-TV packages with more streamlined offerings and online delivery.

AT&T will pay $110 per Time Warner share, or about $85 billion overall, sources told Reuters. That would make it the biggest deal in the world this year.
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